Kinesis Money, was founded by Thomas Coughlin in 2018. They also have both a gold token (KAU) and a silver one (KAG). The KAU is backed by one gram of physical gold, while the KAG by one ounce of silver. Gold can be redeemed in 100g minimum’s, silver in 200oz – there are six “redemption hubs” dispersed globally.
Their vaults are distributed globally – and the tokens are exchangeable only via the Kinesis exchange platform, which the company operates.
There is also an ecosystem token: the Kinesis Velocity Token (KVT) which is earn 20% of the system fees.
The KAU and KAG tokens also earn yields by being awarded 6% of the platform transaction fees.
KAU, KAG and KVT are all only available via their proprietary exchange platform.
To dig into these projects, see the main Gold Backed Crypto Currencies Directory
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